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Thomas Cook advances on technology-assisted outlets expansion

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Capital Market
Last Updated : Apr 22 2015 | 12:01 AM IST

Thomas Cook (India) rose 2.32% to Rs 234 at 12:16 IST on BSE after the company said it has ramped up its network presence with leaner, more efficient, technology-assisted outlets.

The announcement was made during market hours today, 21 April 2015.

Meanwhile, the S&P BSE Sensex was down 91.90 points or 0.33% at 27,794.31.

On BSE, so far 9,542 shares were traded in the counter as against average dailiy volume of 70,513 shares in the past one quarter.

The stock hit a high of Rs 234.60 and a low of Rs 230 so far during the day. The stock had hit a record high of Rs 245 on 15 April 2015. The stock had hit a 52-week low of Rs 88.60 on 8 May 2014.

The stock had outperformed the market over the past one month till 20 April 2015, surging 8.31% compared with Sensex's 1.33% fall. The scrip had also outperformed the market in past one quarter, jumping 11.4% as against Sensex's 3.12% fall.

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The mid-cap company has equity capital of Rs 27.28 crore. Face value per share is Rs 1.

Thomas Cook (India) said that the technology assisted outlets will operate via tablets and mobile apps that enable transactions across the Thomas Cook range of products and services, including domestic and international holidays, flights, hotels, insurance and foreign exchange.

Thomas Cook (India)'s consolidated net profit rose 38.3% to Rs 18.17 crore on 59.3% growth in net sales to Rs 736.90 crore in Q4 December 2014 over Q4 December 2013.

Thomas Cook is an integrated travel and travel related financial services company in the country offering a broad spectrum of services that include foreign exchange, corporate travel, mice, leisure travel, insurance, visa & passport services and e-business.

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First Published: Apr 21 2015 | 12:08 PM IST

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